World View crashes?
Capitalism in space: The hi-tech high-altitude balloon company World View has failed to meet its commitments in its local development deal and has changed leadership.
Pima County’s supervisors approved a ballsy deal with World View amid fanfare, criticism and a ginned-up lawsuit the county won. The county would build World View a headquarters and a launch pad for the balloons. The company would pay rent on the facilities and repay the county for its end, plus a guarantee of escalating its local workforce to 100 by the end of 2018, 200 by 2022 and 400 by 2032.
Three years on, there’s been a catastrophic explosion and a leadership change as World View’s promise of “Jobs!” Jobs! Jobs!” has turned into “eh … jobs …” The company has a staff of 87. That’s 13 fewer than what was promised in the contract. Because World View refused to make public its internal growth projections, the county approved the deal after its own study predicted the company would hire pushing 400 workers by now.
The company had started out casting itself as a tourist operation, offering people multi-hour high-altitude flights for far less than the suborbital rocket companies. In 2017 the company quietly shifted its marketing, touting its balloon technology instead as a way to do high altitude research and reconnaissance. Soon thereafter they had an explosion during a test flight.
Since then they have apparently done little. With the recent corporate restructuring I wonder at the company’s future.
Capitalism in space: The hi-tech high-altitude balloon company World View has failed to meet its commitments in its local development deal and has changed leadership.
Pima County’s supervisors approved a ballsy deal with World View amid fanfare, criticism and a ginned-up lawsuit the county won. The county would build World View a headquarters and a launch pad for the balloons. The company would pay rent on the facilities and repay the county for its end, plus a guarantee of escalating its local workforce to 100 by the end of 2018, 200 by 2022 and 400 by 2032.
Three years on, there’s been a catastrophic explosion and a leadership change as World View’s promise of “Jobs!” Jobs! Jobs!” has turned into “eh … jobs …” The company has a staff of 87. That’s 13 fewer than what was promised in the contract. Because World View refused to make public its internal growth projections, the county approved the deal after its own study predicted the company would hire pushing 400 workers by now.
The company had started out casting itself as a tourist operation, offering people multi-hour high-altitude flights for far less than the suborbital rocket companies. In 2017 the company quietly shifted its marketing, touting its balloon technology instead as a way to do high altitude research and reconnaissance. Soon thereafter they had an explosion during a test flight.
Since then they have apparently done little. With the recent corporate restructuring I wonder at the company’s future.